Yan Zhi Net Worth $1.3 Billion
Chinese real estate businessman Yan Zhi has an estimated net worth of $1.3 billion as of March 2013 according to Forbes. Throughout the first quarter of 2011, Zall Development Holding’s revenue decreased by68% to $84 million, which led to a significant reduction in profit. The company’s profit was down by 54% to $62 million. Yet, despite the organization ‘s decreased sales and profit, Yan Zhi’s net worth is still upward by $100 million from this past year. In December 2012, Yan bought 75% of positions of port operator CIG Yangtze Ports. Now located in Wuhan,CIG Yangtze Ports is currently valued at $30 million. The business is recorded at Hong Kong Stock Exchange. Forbes reports that Yan Zhi got his Master of Business Administration degree from Wuhan University. He’s now married. Along with being a representative of Hubei Provincial People’s Congress, Yan Zhi additionally serves as the Vice Chairman of Wuhan Federation of Industry & Commerce.